DeVos Plan Is A Setback To Black Student Loan Borrowers

The Education Department considers reversing an Obama-era debt forgiveness policy to students defrauded by for-profit schools.

In a shocking report, a review of Education Department data found that 49 percent of African-American students who borrowed for their undergraduate education are in default on their federal student loan. Those who entered college in the 2003-04 academic year owed more than they originally borrowed 12 years later.

Adding to this crisis, the Trump administration is expected to end an Obama-era federal student loan forgiveness policy for those who were defrauded by for-profit colleges, The Hill reported.

Education Secretary Betsy DeVos is considering a plan that offers only partial debt relief for students.

The Obama administration banned some schools, such as ITT Technical Institute, last year from enrolling students who received federal aid. That came in the aftermath of investigations concluding that some career colleges mislead students about their job prospects and charged high tuition rates, while providing substandard education.

Under the Obama debt forgiveness policy, defrauded students were fully forgiven. According to The Hill, the program impacted tens of thousands of students and would have erased approximately $550 million in loans.

It’s not lost on many observers that students sued President Donald Trump’s own for-profit school—Trump University. Before taking office, the president agreed to settle the lawsuit for $25 million. The former students claimed that the school misrepresented the quality of education and instructors at the real estate school—leaving many of them in major debt.

Continue reading In Honor Of President’s Day, Here Are Photos That Will Make You Miss Barack Obama

In Honor Of President's Day, Here Are Photos That Will Make You Miss Barack Obama

Today is President's Day and we had to take a moment to honor our favorite president -- Barack Obama.
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Obama had many wins while he was president. He brought the Black unemployment rate for African Americans from 16.8 percent, due to the horror of President George W. Bush to 7.8 percent by January 2017. The poverty rate for African Americans fell faster in 2015 than in any year since 1999 -- falling 2.1 percentage points, resulting in 700,000 fewer African Americans in poverty.
Teen pregnancy among Black women was at an historic low with he birth rate per 1,000 African-American teen females fell from 60.4 in 2008 to 34.9 in 2014. Pell Grant funding for HBCU students increased between 2007 and 2014, growing from $523 million to $824 million. Obama banned solitary confinement for juveniles in federal prison in January of 2016, the President of ACLU said about this in 2016, “It’s absolutely huge. We rarely have presidents take notice of prison conditions.” The incarceration rates for Black men and women fell during each year of the Obama Administration and were at their lowest points in over two decades when he left office.
Not to mention, he saved our country from one of the greatest recessions since the Great Depression due to the Republican administration before him -- and now our current president tries to take all the credit.
People are so happy his legacy that the people of Los Angeles were blessed to have President Barack H. Obama Highway as in December. The Mercury News reported, "Two large, green-and-white freeway signs were unveiled Thursday, one on the right shoulder of westbound State Route 134 at the beginning of the 210 Freeway at Fair Oaks Avenue in Pasadena, the other at the eastbound 134 in the vicinity of Route 2 in the city of Los Angeles near Glendale."
The location was chosen because he attended Occidental College in nearby Eagle Rock from 1979-1981 when he lived in Pasadena. State Sen. Anthony Portantino said about the highway, “The president has often mentioned his fond memories of living in Pasadena and attending Occidental College, so it was very appropriate to name the portion of the freeway he traveled after him."
Mercury News confirmed, "No taxpayer dollars were used to build or erect the signs, Bischoff confirmed, adding that the cost of the two signs and labor amounted to about $5,000 and were paid for by private donations."
In honor of President's Day, check out photos of our favorite president.